So we are looking at building a new house. The build price is $X. The bank wants a valuation of the floor plans so we get one done (at our expense). The valuation comes back saying the valuation is $X - $19K.
Now I totally get that with valuation's you win some you lose some and that its not always a case of comparing apples with apples.
From our perspective the valuation appears to be flawed. Several comparison properties in the report are not good comparisons, a previous smaller floor plan was valued at X - $10K and the proposed smaller house for the section next door was valued at X + $50K.
So I'm penning a letter to the valuer but I'm wondering what recourse (if any) I have in a situation like this. Obviously the valuer would want to stick to his numbers otherwise it would be admitting fault.
Any ideas?